Trading and Gambling which do you earn faster?

[Freeveto]

I want to know if my advise is wrong, please your contribution also really matter to me so that I can quickly run back to him to share some resourceful information that are shared here.

To earn fast, risk is involved, if you are willing to take risk, future trading with high leverage will give quick profit and also quick loss once you make mistake: it all depends on you. Wherever I here about fast money, my mind go towards greed, some people really can’t wait to make money gradually, they wants to make it as quick as possible and that will expose them to a bigger risk where they can easily lose their entire capital.

Although, there are fast bets to also give you quick money, but it is not in all platforms, some platforms have fast bets for quick money, but if you rely on spot bets, you have to wait till the matches are played. If you also want quick money, you can accumulate as much odds as possible and stake higher to win big, it is only left for you to bear the risk.

[Questat]

One thing I know, trading is like gambling too, so if you are not careful on your trades, you will easily lose your money without creating chances to earn. This is why a lot have been losing from trading, not because they have no real knowledge and experience, but because they are also trading like gambling.

However, some traders have also gained the opportunity to earn faster more than gambling. That's because they prioritize having skills and proven working strategies with trading, without chasing luck just like gamblers do when gambling.

[stadus]

Well, the idea to earn fast money with trading only tells me that you are certainly gambling. Both cannot make you earn faster, but they can instantly let you experience fast losses especially if you don't practice risk management in both trading and gambling.

But let's be realistic, you can grow a significant amount of profits from trading with good amount of experience but that does not mean that you can gain quick and consistent profits. Trading is highly risky, one can more likely to lose than being profitable in the end. And that losses have no exception, same with gambling.

[Issa56]

Unfortunately, gambling doesn't pay faster if that's what your friend thinks. Many people who have been gambling for a long they haven't made back half of the money they have lost since they started gambling.

I don’t know why people do think there is something they can do which is going to give them quick money. If you are the kind of person looking for quick money, you might not make the money, instead you going to end up losing everything which you are having with you. In life we shouldn’t be so desperate to make money, and I will say either trading or gambling can’t give you quick money.

If you are gambling, you shouldn’t always have the mindset of making money from it, because that’s what makes some people to get addicted to gambling, they are always having hope that they going to win even when they are losing, which they will end up losing everything which they have with them.

Trading is not s easy activity, and you can’t make quick money from trading also, you will have to take your time to learn how to trade, and even after you understand trading, you shouldn’t expect instant profits, you going to be making money gradually, and you should always expect loss to set in sometimes.

[mirakal]

The biggest challenge with trading and gambling is not actually how to earn faster, but how to avoid maximum losses that could lead you to a total loss. Once you can do that, profits are guaranteed.

Now which can make us earn faster, it depends on how you deal with gambling and trading. If you are impatient and only enter trading and gambling for quick profits. definitely you will only lose your money without even have the chances to gain profits. But if you have the skills, patience and luck as well, maybe trading will more work than gambling.

[Sanitough]

Anyone should not think they can make money from gambling. It can result into addiction instead. It is better you are only gambling for fun. Some people can make money from trading, but trading is also risky just like gambling and most traders are losing. Use the amount that you can afford to lose to gamble or trade. They are both risky. In trading, if you are making money, you can increase the amount you are using to trade. Do nit do that in gambling.

Both are actually risky and the illusion of making money faster could turn out into losing them all in a flash. My point is, do not rush and chase instant income as they only happen when there is perfect timing. Instead, gamble for fun, and trade not as a major source of income but a side hustle so that when trading profits are a bit tight, your main job will still provide you a regular income.

However, we can obviously make money from gambling and trading, but we may pass its losing streak first before hitting the winning streak.

[Ziskinberg]

I want to know if my advise is wrong, please your contribution also really matter to me so that I can quickly run back to him to share some resourceful information that are shared here.

You have given him a better advise but that hasn’t  really solved the problems of him not still encountering major risk in the process, it has only given him the liberty to get to face a lesser risk when he learns how to trade rather than going all full into gambling. Gambling is a game of luck and you can’t compare the risk there and the one he’ll face if he’s a trader. A trader knows a better trade than a gambler knowing of a game that will go as anticipated.

With the knowledge of trading, you can make better decisions and also know what to risk in a trade. Gambling is kind of more complicated to understand than trading. The best option you’ve given him is to invest and hold. As long as he sticks to his proper risk management, he’ll not be at loss in investing if he did invest in bitcoin rather shitcoins or altcoins without potential.

Investing and holding bitcoin as well will not make him earn faster either, he might even get into panic selling when his emotions are no longer controllable. So I don't think it will work on him, except if he will learn to get rid of the idea of earning fast money and stretch his patience while waiting for the bullish market and sell his coins in profits.

Reality is, everyone is losing from gambling and trading even the said well experienced and professionals so its hard for us to determine which gives fast profits.

[atookz]

I personally believe that trading is similar to planting a tree and gambling is similar to purchasing a lottery ticket. One takes time but grows deep roots and the other can be quick, but can go down the drain in one go. In fact, if your friend is impatient, that's a red flag for getting into either one — because impatience is the #1 reason people cut their losses at the bottom in trading, or go all-in while tilting in gambling.

In trading, you can improve your odds through learning and strategy — the more you know, the more your odds improve. With gambling, however, the odds have been stacked in favor of the house from the beginning (house edge), so even if you do your research you are always at a disadvantage. Although it seems like gambling is a quick, easy way to get money, it's actually one of the least reliable ways to make money.

I'd say exactly what you say: patience is yet to be mastered by him and for now, DCA/hold. Not instant, but far fewer regrets.

[Bitinity]

The main question is about speed, no doubt that gambling can give you much faster way to earn money as you can get it in a single click or in a second only while in trading in may take minutes-hours-days and even longer time. Although you can also treat trading faster like seconds, but I do believe it is not a real trading becasue it is like you are gambling. Anyway, the possibility of having faster way to earn money does not mean that it is better.

[Tamaperdana]

Snip

When he asked that which do I prefer to go into and told him trading could be more better, this also struck me to come here to ask on which do you think one can make quick money from them. I know both do take time but he doesn't have patient to trade or sitting his himself down to start learning things about trade otherwise, for me I have given him the option of buying and hold and whenever there are more changes in the price of the asset he is hold can sell and take profit.

I want to know if my advise is wrong, please your contribution also really matter to me so that I can quickly run back to him to share some resourceful information that are shared here.

Both, if done rashly, can clearly have negative consequences. Trading, if we rely solely on speculation and can't control our emotions, is tantamount to gambling. Therefore, I believe that when it comes to quick profits, I believe it's extremely difficult to achieve, whether through trading or gambling.

As we know, everything requires a process, and it's clearly not easy. So, whether trading or gambling, I think the results will be the same. However, trading will still be superior if studied thoroughly. Trading can clearly be very promising, not just speculation, if we understand the science.

So, yes, suggesting your friend trade might be a good idea, but don't let your friend dive into futures trading just yet. It's very risky, especially for beginners. So, encourage them to stick to the spot market, as it's safer and more manageable.